This fourplex is a practical Harbor-area income property with a simple, flexible story: four separate one-bedroom homes on one lot, already producing cash flow, in a neighborhood that lives off one of the largest employment engines on the West Coast.
Each unit is a self-contained 1BR/1BA home of roughly 600 square feet. That layout is the point. An investor gets four rent rolls instead of one. An owner-user can live in one unit and let the other three help carry the property. An extended family can give parents, adult children, or siblings their own front door, kitchen, and bath while staying on the same parcel. Parking and a usable lot support everyday living rather than a stacked apartment product.
The numbers are straightforward. Current gross of $4,865 per month against $1,222 in expenses (NOTE: $392 is for property management fees and $80 for yard maintenance. Some investors may want to increase the net by a commensurate amount, and approx 750/mo for water & sewer) leaves $3,643 net. That is real monthly cash after operations—not a pro-forma hope. Units of this size in Wilmington have rented in the mid-$1,700s; the income already in place shows demand is not theoretical. Built in 1956 on a 6,248-square-foot lot (zoning LARD1.5), the asset is a classic small multifamily building: manageable scale, four meters of opportunity, and room on the lot that many downtown fourplexes simply do not have.
Wilmington is a working harbor community, not a resort zip. That is an advantage for this buyer profile. The Ports of Los Angeles and Long Beach sit minutes away and support logistics, warehousing, trades, and shift work that need nearby housing. The 110, 405, and 710, plus Pacific Coast Highway, put jobs, shopping, and the rest of the South Bay within a normal commute. Ken Malloy Harbor Regional Park, Wilmington Waterfront Park, Banning Recreation Center, and Los Angeles Harbor College give residents parks, recreation, and a community-college campus without leaving the Harbor area. Avalon Boulevard and PCH handle daily errands. Compared with Palos Verdes and the Beach Cities, entry pricing here is still more approachable, which is why 1BR product stays rented.
This is not a trophy listing. It is a four-door cash-flow building in a job-rich, renter-heavy pocket of the Harbor—useful for an investor who wants income now, an owner-occupant who wants three units to help pay the note, or a family that wants four independent homes on one piece of ground.
Under contract
Listed by: Call Realty • George Fotion • Contact: 424-722-9136
$672,800
1004 W Lowen St, Wilmington, CA 90744
4beds
--baths
2,000sqft
Quadruplex
Built in 1956
-- sqft lot
$678,100 Zestimate®
$336/sqft
$-- HOA
What's special
- 20 days
- 574
- 42
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
George Fotion DRE #00785373 424-722-9136,
Call Realty
Source: CRMLS,MLS#: PV26199770
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Rooms
- Room types: Bedroom, Center Hall, Kitchen, Laundry, Living Room, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Heating
- Natural Gas, Wall Furnace, Zoned
Cooling
- Electric, Wall/Window Unit(s), Zoned
Appliances
- Included: 6 Burner Stove, Electric Range, Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Self Cleaning Oven, Water Heater
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Kitchen, Stacked
Features
- Ceiling Fan(s), Granite Counters, Laminate Counters, Tile Counters, Unfurnished, All Bedrooms Down, Bedroom on Main Level, Main Level Primary
- Flooring: Laminate, Tile, Vinyl
- Windows: Double Pane Windows, Insulated Windows, Screens
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls,End Unit,No One Above,No One Below
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport, On Site, Private
- Garage spaces: 1
- Has carport: Yes
Accessibility
- Accessibility features: No Stairs, Parking, Accessible Doors, Accessible Hallway(s)
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Chain Link,Wood
Lot
- Size: 6,248 Square Feet
- Features: 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Sprinklers In Rear, Sprinklers In Front, Lawn, Landscaped, Paved, Rectangular Lot, Sprinklers Timer, Sprinkler System, Street Level, Yard
Details
- Additional structures: Shed(s)
- Parcel number: 7414014012
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary,Ranch,Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Frame, Glass, Hardboard, HardiPlank Type, Plaster, Stucco
- Foundation: Concrete Perimeter, Raised
- Roof: Composition,Shingle
Condition
- Fixer,Repairs Cosmetic
- New construction: No
- Year built: 1956
Utilities & green energy
- Electric: Electricity - On Property, Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected, Overhead Utilities
Community & HOA
Community
- Features: Storm Drain(s), Street Lights, Suburban
- Security: Carbon Monoxide Detector(s), Fire Detection System, Smoke Detector(s)
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $336/sqft
- Tax assessed value: $67,448
- Date on market: 9/16/2026
- Cumulative days on market: 20 days
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
Estimated market value
$678,100
$644,000 - $712,000
$2,773/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Contingent | $672,800$336/sqft |
Source:  CRMLS #PV26199770 Report a problem | ||
| 9/17/2026 | Listed for sale | $672,800$336/sqft |
Source: CRMLS #PV26199770 Report a problem | ||
| 4/24/2025 | Listing removed | $1,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/4/2025 | Listed for rent | $1,750+29.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/20/2020 | Listing removed | $1,350$1/sqft |
Source: Dunfee Real Estate Services #PW20112074 Report a problem | ||
| 6/11/2020 | Listed for rent | $1,350$1/sqft |
Source: Dunfee Real Estate Services #PW20112074 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $67,448 +2% |
| 2025 | $1,279 +2.3% | $66,126 +2% |
| 2024 | $1,249 +1.3% | $64,830 +2% |
| 2023 | $1,234 +3.6% | $63,560 +2% |
| 2022 | $1,191 +2% | $62,315 +2% |
| 2021 | $1,168 -0.3% | $61,094 +1% |
| 2020 | $1,172 | $60,469 +2% |
| 2019 | $1,172 +10.9% | $59,285 +2% |
| 2018 | $1,057 | $58,123 +2% |
| 2017 | $1,057 +1.8% | $56,984 +2% |
| 2016 | $1,038 +4.4% | $55,868 +1.5% |
| 2015 | $995 -2.2% | $55,030 +2% |
| 2014 | $1,016 | $53,953 +2.5% |
| 2012 | -- | $52,659 +2% |
| 2011 | -- | $51,628 +0.8% |
| 2010 | -- | $51,243 -0.2% |
| 2009 | -- | $51,365 +2% |
| 2008 | -- | $50,359 +2% |
| 2007 | -- | $49,373 +2% |
| 2006 | -- | $48,406 |
| 2005 | -- | $48,406 +4% |
| 2004 | -- | $46,528 +1.9% |
| 2003 | -- | $45,676 +2% |
| 2002 | -- | $44,781 +4% |
| 2000 | -- | $43,044 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Wilmington
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